XRP fell 24% over the past four weeks, underperforming both Bitcoin and Ether. The decline is primarily attributed to the conversion of stolen XRP into Bitcoin, creating additional selling pressure. XRP is trading around $1.10, close to its lowest level since August and the psychologically important $1 mark. Market participants are monitoring the impact of ongoing conversions, regulatory developments, statements from Ripple CEO Brad Garlinghouse, and ETF flows to assess the token’s future price trajectory.
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